The City of Alamo’s FY 2022‑2023 Adopted Budget outlines the city’s expected revenues, expenditures and tax rates for the year that runs from October 1 2022 to September 30 2023. It shows a 9.57 % increase in property‑tax revenue ($301,926), a total General Fund budget of $13,335,139, and an assessed property value of $921,198,985 – a 13 % rise from the previous year. The property tax rate stays at $0.5817 per $100 of assessed value, with $0.5226 allocated to maintenance‑and‑operations and $0.0591 to debt service. The budget also includes grants to the police department, funding for community events and street improvements, and modest employee benefit and salary increases. The City Council approved the budget unanimously, and the budget earned a Government Finance Officers Association Distinguished Budget Presentation Award.
| Property tax revenue increase | $301,926 (9.57 % increase) |
| Total General Fund budget (revenues and expenditures) | $13,335,139 |
| Assessed taxable value | $921,198,985 (13 % increase over prior year) |
| Property tax rate per $100 valuation | $0.5817 |
| Unreserved fund balance (Sept 30 2021) | $7,589,283 |
| Police department grants | $80,000 Stonegarden grant; $40,000 Borderstar grant |
| Funding for streets improvements | $50,000 |
| Employee compensation adjustments | 5 % general pay increase; 3 % health insurance increase; added vision and dental coverage |